841 Co RdStephenville, TX 76401

For Sale
$2,500,000

8-Unit Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 8-unit apartment complex in Stephenville, Texas, presents a compelling investment opportunity. Located at 841 County Road 502, this property boasts 9,600 square feet of net rentable space, spread across four one-story buildings. Each building houses two 2-bedroom, 1-bathroom units, totaling eight units in all. The apartments feature well-equipped kitchens with included appliances, cozy breakfast areas, and spacious living rooms. Each unit includes a carport with a front utility room offering extra storage and washer/dryer hookups. Adding to the property's versatility, each unit also has a private horse trap and shed. For added security, every apartment is equipped with its own connex box. Interior renovations were completed two years ago, ensuring long-term value. Individual water meters for each duplex provide convenience and transparency. A recent roof upgrade further enhances the property's longevity. This property is ideally situated for Tarleton State University students, and current rent rolls are available upon request. The asking price for this turnkey investment is $2,500,000.

Highlights

  • 8-unit apartment complex in Stephenville, TX, offering a turnkey investment opportunity.
  • 9,600 square feet of net rentable space across four one-story buildings.
  • Eight 2-bedroom, 1-bathroom units, each with a carport, utility room, and washer/dryer hookups.
  • Each unit features a private horse trap and shed.
  • Recent interior renovations (completed two years ago) and roof upgrade.
  • Individual water meters and connex boxes for each unit.

Property Details for 841 Co Rd

Property type
Multifamily properties, Apartment buildings
Square Feet
9,600 SF
Buildings
4
Stories
1
Units
8

Location Insight

City
Stephenville
County
Erath
State
Texas
Latitude
32.1237834
Longitude
-98.194104
841 Co Rd, Stephenville, Texas

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841 Co Rd
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